Prime Minister Narendra Modi on Tuesday met some of the world's top CEOs on the sidelines of the vibrant Gujarat summit as he attracted investments across sectors to boost the economy and create employment opportunities. A day before the opening of the Vibrant Gujarat Global Summit on January 10, the Prime Minister met executives from Suzuki Motor Corp, Micron Technology, and A.P. Moller and discussed industry issues and investment opportunities.
Modi and Toshihiro Suzuki, Representative Director and Chairman of Suzuki Motor Corp, discussed Maruti Suzuki's plans to make India a strong player in the global automobile market by exporting made-in-India cars, along with implementing global best practices related to vehicle scrapping and recycling in India,” the Prime Minister’s Office said in a post on X.
Gujarat is the intended location of Maruti Suzuki's second auto facility. The business will open its fifth factory in the nation with this one.
"Prime Minister Narendra Modi and Sanjay Mehrotra, Chairman and CEO of Micron Technology, met in Gandhinagar. They discussed Micron's efforts to improve the semiconductor manufacturing ecosystem in India," the PMO said in a separate post in X.
US chip manufacturing giant Micron has started construction of a $2.75 billion semiconductor plant in Sanand, about 40 km from Ahmedabad. The factory, which will focus on converting chips into integrated circuit packages, memory modules, and ball grid array (BGA) solid-state drives, is expected to be ready in December this year.
The Prime Minister also met with Ahmed bin Sulayem, Chairman of the Board of Directors and CEO of DP World Group. “They discussed DP World’s plans to boost investment in India, especially about creating sustainable, green, and energy-efficient ports, and world-class sustainable logistics infrastructure,” the PMO said in another post.
Last year, DP World signed a concession agreement with the Deendayal Port Authority to develop, operate, and maintain a new mega container terminal with a capacity of 2.19 million TEU per year in Kandla, Gujarat.
The Dubai-based logistics company operates five container terminals in India (two in Mumbai, one in Mundra, one in Cochin, and one in Chennai) with a total capacity of around 6 million TEUs.
A.P. Moller CEO Keith Svendsen was also introduced to Modi.
"The Prime Minister welcomed his expansion plans at GIFT City. His discussions covered critical issues related to green hydrogen and development of logistics infrastructure," the Prime Minister's Office said.
He also met Professor Iain Martin, Vice-Chancellor of Deakin University.
They had a fruitful discussion on how to improve cooperation between the government and academic institutions related to cybersecurity. In a post on X, the PMO stated that the Prime Minister had also commended Deakin University's collaboration with Indian universities to advance research and innovation.
The Vibrant Global Gujarat Summit considered the largest gathering ever, will be held from January 10 to 12, and is expected to attract around 100,000 visitors, including CEOs, business leaders, ministers, and diplomats from 133 countries.
Billionaires Mukesh Ambani and Gautam Adani, chairman of the Tata Group, and executives from Microsoft, Alphabet, Google, and Toyota, are expected to attend the event, which seeks to attract investments in sectors ranging from chip manufacturing to green energy and electric vehicle manufacturing.
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